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20130416
20130416
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families have skin in the game of foreign policy, but if you don't a son or daughter in uniform, husband or wife in uniform, where is your skin in that game when you're not paying for those decisions? and when we make decisions that we don't have to pay for, we make bad decisions. i agree with the president. folks need to pay their fair share. i think we all need to have some skin in the game. folks who make more ought to pay more. folks who make less ought to pay less. but we are all members of the board of directors of the united states of america, mr. speaker. all 320 million of us sit on the board of directors of the united states of america, and yet you ought to have skin in the game when you are making decisions about high this organization runs. how do we create revenue? how do we reduce deficits? how do we make sure folks are paying their fair share? the good news is, mr. speaker, the president's aware of the fair tax. i am not willing to call him a fair tax president. i don't think the president's quite onboard, we are not going to wait on the president to be onboard. we are goi
think for the foreign exchange market, it's more a question of policy action. and now, because we're in this limbo, that leaves sterling a little bit of limbo. >> meanwhile, the treasury there is targeting sales of 4 to 5 billion sales in six-month and is 1-month t bills. yes, same with italian yields, as well, michael. are we now at the low point in the cycle for spanish and italian yields? who is going to drive them lower from here and why would you? >> i think the market has seen a lot of liquidity expansion. first from the fed and then lastly from the bank of japan. and combined with the renewed commitment from the ecb to protect the euro, this has depressed yields to these kind of levels. i think it's difficult to see us going dramatically further. and if anything, strategically, we think that the three major problems in europe, the recession, inconsistent crisis management and rising political and social backlash against austerity are likely to come through and that leaves spain and italy very vulnerable to a sharp increase in yields. we're looking, for example, for 10-year
Search Results 0 to 1 of about 2